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Mortgage industry leery of lending (Seattle Times)  Just when consumers and the U.S. economy need banks to lend more freely, the mortgage industry is making it harder to borrow ? even...read more...


United Eyes Contracts After Pension Win  Associated Press Update 24: United Gets OK to Dump Four Pension Plans 05.11.2005, 10:13 AM United Airlines gained a significant financial victory with court approval to dump its four pension


FBI Raids Mortgage Company; 20 People Charged (ClickOnDetroit)  FBI agents raid a Shelby Township company, which is believed to be one of five mortgage fraud organizations in metro Detroit.read more...


Banks to set up $117b fund to limit credit crunch   NEW YORK/WASHINGTON - MAJOR banks including Citigroup are looking at setting up a roughly US$80 billion fund to buy ailing mortgage securities and other assets, in a bid to


Toll Brothers Chief Says Housing Market May Recover in 2010-11  read more...


Existing-Home Sales Ease; Prices Appreciate  WASHINGTON - Sales of existing homes were down in January while home prices continued to appreciate at double-digit rates, according to the National Association of Realtors .read more...

June 15th, 2005

Mortgage applications jump as refis surge (MSNBC)

Applications for U.S. home mortgages increased last week, boosted by record setting purchasing and surging refinancing activity even as mortgage rates rose, an industry group said on Wednesday.

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